can you a ord a pet? · 2020-01-22 · pet sitters kennels medical expenses veterinarian medical...
TRANSCRIPT
HOTEL
Can you affordA PET?
PET OWNERSHIP STATS
A pet’s companionship is priceless, but its expenses add up fast. Like walking the dog or
scooping out the litter box, budgeting is a part of basic pet care.
PET EXPENSES
BUDGETING FOR PET CARE
More than half of millennial pet owners buy gifts for their
pets once a month or more
of US households own a pet 94 million cats
That equates to:
89 million dogs and
68%
There are now more pet-owning households than
households with children
SET MONEY ASIDE MONTHLY Estimate your monthly pet expenses (you can use the expenses listed in the section above as a starting point—make sure you factor in annual expenses as well). Budget for that amount as you would a monthly bill.
CREATE A PET EMERGENCY FUND Pet owners are likely to incur at least one $2,000–$4,000 bill for emergency care at some point in their pet’s lifetime. Create a separate fund for pet-related emergencies to protect your personal savings goals.
Preparing for a pet is like budgeting for any significant milestone: preparation is key
PET SERVICESGrooming
TrainingDog WalkersPet Sitters
Kennels
MEDICAL EXPENSESVeterinarian
Medical EmergencyPet InsuranceDental Care
Ear CareMedication
Allergies
LIVING SPACEPet Deposit
Pet FurnitureGates
FencingClothing Repair
Furniture Damage“Accidents”
BASIC PET CAREFood
Pet BedFood and Water Dishes
Toys and TreatsCollar and Leash
Travel Crate
FIRST-YEAR EXPENSESAdoption FeePet License
Medical ExamVaccination
Surgery
Paying forPETS
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It’s a Money Thing is a registered trademark of Currency Marketing
Sources: American Pet Products Association, American Veterinary Medical Association, Money Under 30, New York Times, Statista